Rit Capital Partners Share Discussion Threads

[strollingmolby] 17/7/2011 09:32

Article from efinancial news last week:

[strollingmolby] 22/3/2011 16:33

Courtesy of pike fisherman on iii:

Standard Bank Group secures US$40m deal for Helios Towers Ghana

Standard Bank Group has put together financing worth US$40-million for Helios Towers Ghana Limited to finance the next phase of its network of telecommunications towers across Ghana.

The club deal was put together on behalf of Stanbic Bank in Ghana (a member of Standard Bank Group Limited), Standard Chartered Bank and Standard Chartered Bank Ghana.

Ghana is one of Africa's fastest growing wireless markets with current subscriber penetration estimated to be 67% and thought to grow to 88% by 2013.

Sharing of towers is a fast-growing subset of the mobile telecommunications sector in Africa. It brings significant capex and opex savings for mobile operators that they can pass onto consumers who benefit from improved network quality and enhanced coverage.

Nina Triantis, Standard Bank Group's Global Head of Telecoms and Media, says: "Standard Bank is delighted to have provided a finance package to Helios Towers Ghana, a leading independent tower company.

"Not only does this success demonstrate our committed support to infrastructure development in Africa, but through Standard Bank Group's on-the-ground presence in 17 sub-Saharan countries we can better understand and serve the needs of our clients," says Nina Triantis.

"Our team's considerable local and international knowledge and sector expertise in areas such as project finance, natural resources and foreign exchange means we can continue to help African companies such as HTG grow with long-term positive effects for African communities."

Chuck Green, CEO of Helios Towers Ghana, is delighted with the financing deal saying that it "represents a significant leap forward in the development of their plan to rollout independent tower companies across the African Continent."

He adds: "Standard Bank and Standard Chartered Bank are the ideal partners to facilitate the growth of HTG with their deepbreadth of experience in Africa. This facility will enable the group to quickly deploy tower sharing solutions across Ghana, while also benefiting the environment."

About Helios Towers Africa and Helios Towers Ghana:

Helios Towers Ghana (HTA) is a pan-Africa tower company that leases space on its telecommunications towers to telecom companies, thereby helping improve access to mobile telephony, and other communications technologies, and facilitating the introduction of new products and services in developing countries in Africa.

Helios Towers Ghana was launched in January 2010 when HTA purchased and leased back 750 towers in Ghana to mobile operator Tigo Ghana, the first transaction of its kind in Africa. Helios Towers Ghana enables Ghanaian wireless operators to outsource non-core tower-related activities and focus their capital and managerial resources on providing higher quality services more cost-effectively.

HTA was founded by Helios Investment Partners LLP, Quantum Strategic Partners Limited, an affiliate of Soros Fund Management LLC, RIT Capital Partners plc and Lord Rothschild's family interests, and Albright Capital Management to meet the infrastructure needs of wireless service providers by developing, owning and leasing communication towers in sub-Saharan Africa.

[strollingmolby] 13/1/2011 17:13

Net Asset Value

The unaudited net asset value of RIT Capital Partners plc as at 31 December 2010 was 1274.5p per GBP1 ordinary share.

Credit Facility

On 6 January 2011, RIT Capital Partners plc drew down US$400 million under a new, three year credit facility with National Australia Bank Limited.

[haydock] 04/1/2011 14:18

Struck oil again :

[mangal] 17/12/2010 16:41

That stake in Vallar should have added a few pennies to the NAV today.

[mangal] 10/9/2010 08:51

A director sold a big chunk of his holdings. wonder why?

[strollingmolby] 16/7/2010 12:07

Every little helps! And RCP have 9% of Paypoint...

[roquefort] 12/7/2010 15:18

Anyone know why NAVs are no longer published monthly?

[1nf3rn0] 18/6/2010 11:41

They're bound to get a couple of calls wrong with the number of investments they have, but the majority are sound - in fact so was the investment in Transocean at the time, as RCP couldn't have predicted that accident. The fact that the fund is now pushing on for all-time highs says it all. Wish I'd been much braver when it briefly traded below £8 last year, but I did pick up quite a few in the £9 - £10 range.

[jimbo55] 17/6/2010 22:42

Interesting article goldenshare888. I presume this was it:



The following paragraph was quite interesting when taken in context with your post:

The scale of the potential Transocean losses are tiny compared with the whole portfolio, which enjoyed a 34pc increase in assets to £1.8bn last year.

[goldenshare888] 17/6/2010 22:35

Nasty loss reported on their Transocean stake reported in todays' Telegraph!!!

[strollingmolby] 04/3/2010 13:45

DIVIDEND DECLARATION

The directors of RIT Capital Partners plc have declared a dividend of 4p per GBP1 Ordinary share for the year ending 31 March 2010. This will be paid on 1 April 2010 to shareholders registered at the close of business on 12 March 2010.

At this stage, it is not anticipated that there will be a subsequent dividend in respect of the year to 31 March 2010.

Any shareholders who wish to sign up for the Company's dividend reinvestment plan but have not already done so, should ensure that their forms are returned to Computershare Investor Services plc by no later than 17 March 2010. If there are any queries on the plan please contact Computershare on 0870 703 6307.

[mangal] 04/3/2010 13:44

This is such a good fund(one of the best, I think) that I'm surprised that it trades at a discount to NAV; it should really trade at NAV or a premium.

[1nf3rn0] 04/3/2010 11:43

NAV now 1086p, a 40p rise in 1 month. Pretty good going and should help push the share price above that tricky 1050p level.

[washbrook] 11/2/2010 10:37

REINVESTED DIVIDENDS since 1991

-----------------

[haydock] 11/2/2010 10:11

Anybody interested should see the detailed article in the Jan issue of Money Management.
It is quite clear that this trust has an uncertain value, because of the recently increasing emphasis on the unquoted incubator companies, which
Lord R. feels are the place to be at the moment.
There is much hidden value here that will emerge in time.
Possibly thats why it always ran at a premium price?

Was very encouraged by the article after a period when the holding had to be under review & I was thinning.Clarified the situation.

[baht] 11/2/2010 08:47

RNS Number : 6874G
RIT Capital Partners PLC
04 February 2010


The unaudited net asset value (NAV) of RIT Capital Partners plc as at 29 January
2010 was 1045.3p per GBP1 ordinary share.

Interim Management Statement


TIDMRCP

RNS Number : 7400F
RIT Capital Partners PLC
18 January 2010

RIT CAPITAL PARTNERS PLC - Interim Management Statement - 1 October 2009 to date

RIT Capital Partners is a self-managed investment trust whose corporate
objective is "to deliver long-term capital growth, while preserving shareholders' capital; to invest without the constraints of a formal benchmark, but to deliver for shareholders increases in capital value in excess of the relevant indices over time."

Its investment policy is "to invest in a widely diversified, international portfolio across a range of asset classes, both quoted and unquoted; to allocate part of the portfolio to exceptional managers in order to ensure access to the best external talent available."

This statement is released to comply with Disclosure and Transparency Rule 4.3
of the Financial Services Authority, and covers the period from the beginning of
the second half of the Company's current financial year on 1 October 2009, to the date of this announcement. It is divided into two sections, the first covering material events and new investments during this period. The second section is a general description of the financial performance of the Company in the quarter to 31 December 2009.

1.Material events and transactions during the period

* We completed the sale of our interest in Arrow Group to Watson Pharmaceuticals Inc. Proceeds included $81m of cash and $50m of Watson shares.
Other developments included commitments to two new unquoted ventures: Helios Towers Africa, an operator of telecommunications towers in sub-Saharan Africa, and Agora, a North Sea Oil & Gas exploration and production company.
* Investments were made in two new public equity funds: $27m in Althea, an
emerging market equity hedge fund and $40m in Penta, an Asia
(inc Japan) hedge fund.
* Management of currency exposure: at 31 December the principal exposures
comprised:
+--+------------------+---------------------+--------------------------+
| | | 31 December 2009 | 30 September 2009 |
+--+------------------+---------------------+--------------------------+
| | US$: | 34.3% | 23.1% |
+--+------------------+---------------------+--------------------------+
| | Renminbi: | 14.8% | 4.3% |
+--+------------------+---------------------+--------------------------+
| | Euro: | 9.4% | 16.9% |
+--+------------------+---------------------+--------------------------+
| | Swiss Franc: | 9.2% | 7.1% |
+--+------------------+---------------------+--------------------------+
| | Sterling: | 8.2% | 15.9% |
+--+------------------+---------------------+--------------------------+
| | Yen: | -9.0% | 2.3% |
+--+------------------+---------------------+--------------------------+


2.Financial performance during the quarter ended 31 December 2009


+--+---------------------------------------+---------------+--------------+--------+
| | | 30 September | 31 December | Change |
| | | 2009 | 2009 | |
+--+---------------------------------------+---------------+--------------+--------+
| | Net Asset Value (NAV) per share | 1,064.1p | 1,074.4p | +1.0% |
+--+---------------------------------------+---------------+--------------+--------+
| | Share price | 965.0p | 1,045.0p | +8.3% |
+--+---------------------------------------+---------------+--------------+--------+
| | Share price premium / (discount) | (9.3)% | (2.7)% | n/a |
| | to NAV | | | |
+--+---------------------------------------+---------------+--------------+--------+
| | Morgan Stanley Capital | | | |
+--+---------------------------------------+---------------+--------------+--------+
| | International World Index (in GBP)| | | +2.8% |
+--+---------------------------------------+---------------+--------------+--------+
| | FTSE All-Share Index | | | +4.8% |
+--+---------------------------------------+---------------+--------------+--------+

[strollingmolby] 07/1/2010 09:24

Good write-up on RCP here:

[1nf3rn0] 18/11/2009 11:52

Disappointing to see this bobbing around between 950p and 980p for so many months. It's missed out on most of the gains enjoyed by the FTSE since the summer.

[atflores] 25/9/2009 12:53

Might get back in.

[geoffrey] 25/9/2009 11:52

2 Directors purchases yesterday and today looks like a good omen to me!!

[geoffrey] 16/9/2009 12:15

field3 - Moving up nicely since your comment! Looks a good investment to me in these markets.

[field3] 14/9/2009 11:38

I have been in RCP for a number of years but there seems to be strong resistance around 9.70 level and so am thinking of moving on.